RE: Serious point26 Jan 2025 11:49
Whether there is chatter happening in the background or not, it wouldn’t be surprise. The SP is back under 40p ffs! Everyone and their dog (Kelso - pun intended) knows that this is undervalued and it’s always a topic of conversation in the city but the same people are also well aware of the volatility because the shorts love attacking this and the CEO lets be honest, shouldn’t be a CEO because he has limited skills in driving the organisation in its most challenging times, though credit to him for growing this into what it’s become.
To even think that we had an online account - CitySpy who was just solely dedicated to rumours about one stock and one stock only just shows how much emphasis there was on this being undervalued. I didn't see any account talking about Boohoo, Asos, Ocado, etc etc etc.
Also, this stock has always been associated with rumours of a takeover, it happens yearly and it’s been a while so I’m thinking we are due. The smoking gun for me was Ingenuity being taken private, it’s done now, MM has his baby and he’s not getting any younger and is probably working on a retirement plan over the next few years and will also want Nutrition and Beauty to be in hands he can trust which is why the Selkirk presentation was the other smoking gun for me. The fact that Selkirk are associated with Kelso adds to this being a smoking gun, I’d be so so surprised if nothing comes of this. Just thinking from MM’s perspective, a man who loves control, if he doesn’t act on his remaining brands then things could be out his hands in the foreseeable future as you never know what could happen down the line and he will want to make those big changes sooner rather than later.
Let’s see what comes of this. All I know is, if this continues to dip, I’ll stick throw some money at it. It’s only right that I do, whatever it takes to lower my average. Like everyone, I obviously want a huge event because the sooner it’s all over the better.